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394 W 17th Street

San Bernardino, CA 92405
  • $1,680,000
  • STATUS: Pending
  • ON SITE: 57 Days
  • ID#: CV24039459
Pending
UPDATED: 79 min ago
$1,680,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Ratings & Info

Listing Agent(s): Eric Chen of CB RICHARD ELLIS (909-418-2000)


Description

Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 3717 Roosevelt Street, Riverside and 27205 Main Street, Highland. We are pleased to present the opportunity to acquire an eight-unit property located at 394 W 17th Street in the city of San Bernardino. The property building size totals 7,282 SF and is situated on a well-maintained 15,000 square foot lot. 394 W 17th Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are N Arrowhead Avenue and North D Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. 394 W 17th Street boasts recent termite section one repairs and a vibrant exterior paint job. All of the units have been meticulously renovated with high-quality vinyl plank flooring, new kitchen cabinets, custom vanities, new windows, glass shower doors and modern fixtures. The units also feature ceiling fans, mirrored closets, wall air conditioning and heating and private patios or yards. The property features a courtyard, well-maintained mature landscaping, on-site parking and a laundry facility. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava Resort & Casino, to name a few. 394 W 17th Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147996679
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394 W 17th Street San Bernardino, CA 92405

  • Price: $1,680,000
  • Status: Pending
  • On Site: 57 Days
  • Updated: 79 min ago
  • ID#: CV24039459
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1942
Built
Neighborhood:
274 - San Bernardino
County:
San Bernardino
Area:
274 - San Bernardino
Property Description
Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 3717 Roosevelt Street, Riverside and 27205 Main Street, Highland. We are pleased to present the opportunity to acquire an eight-unit property located at 394 W 17th Street in the city of San Bernardino. The property building size totals 7,282 SF and is situated on a well-maintained 15,000 square foot lot. 394 W 17th Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are N Arrowhead Avenue and North D Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. 394 W 17th Street boasts recent termite section one repairs and a vibrant exterior paint job. All of the units have been meticulously renovated with high-quality vinyl plank flooring, new kitchen cabinets, custom vanities, new windows, glass shower doors and modern fixtures. The units also feature ceiling fans, mirrored closets, wall air conditioning and heating and private patios or yards. The property features a courtyard, well-maintained mature landscaping, on-site parking and a laundry facility. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava Resort & Casino, to name a few. 394 W 17th Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Open Parking Spaces 8 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.66 Common Interest Community Apartment Community Features CurbsSidewalks Fuel Expense 840 Garage YN Yes Gross Income 151596 Gross Scheduled Income 151596 Insurance Expense 5200 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 6600 Net Operating Income 95018 New Construction YN No New Taxes Expense 21878 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 48999 Other Expense 2000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2520 Vacancy Allowance 7580 Water Sewer Expense 2160 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Eric Chen of CB RICHARD ELLIS (909-418-2000)